A former director of SRC International Sendirian Berhad told the Kuala Lumpur High Court on Monday (June 10) that he could not have objected to instructions from Datuk Seri Najib Razak as he believed Najib's directives were meant for the betterment of the country and the company.
Tan Sri Ismee Ismail said he believed the former prime minister, who was the sole shareholder and yielded significant authority in the company, was acting in the best interests of SRC.
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Tan Sri Ismee Ismail said he believed the former prime minister, who was the sole shareholder and yielded significant authority in the company, was acting in the best interests of SRC.
Read more at https://shorturl.at/ubtZ3
WATCH MORE: https://thestartv.com/c/news
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NewsTranscript
00:00 A former director of SRC International Sandirian Berhad told the Kuala Lumpur High Court on
00:08 Monday that he could not have objected to instructions from Datuk Seri Najib Razak as
00:13 he believed Najib's directives were meant for the betterment of the country and the
00:17 company.
00:18 Tan Sri Ismail said he believed the former prime minister, who was the sole shareholder
00:25 and yielded significant authority in the company, was acting in the best interests of SRC.
00:32 The witness was under cross-examination by lawyer Chong Yek Lung, who represented one
00:38 of the third-party respondents, former SRC International CEO Datuk Sharol Azral Ibrahim
00:46 Halmy.
00:47 Ismail is also a third-party respondent in SRC International's 5.57 billion ringgit lawsuit
00:54 against Najib and another former CEO, Nik Faisal Arif Kamil, who is currently at large.
01:01 Regarding the four billion ringgit loan facility from the retirement fund incorporated obtained
01:06 by SRC, Ismail said it was approved before he assumed his position in the company.
01:12 Under new management, SRC filed the legal action in May 2021, alleging that Najib had
01:18 committed breach of trust, abuse of power, misappropriated the company's funds and
01:23 personally benefited from it.
01:26 It named Najib along with its former directors, however later it removed six names including
01:32 Ismi from the suit and retained Najib and Nik Faisal as the first and second defendants.
01:38 Additionally, Najib has brought the former SRC International directors as third-party
01:44 respondents in the suit.
01:46 The hearing before Justice Ahmad Fairooz Zainul Abidin continues on June 13.
01:52 For Live UN Video visit www.un.org/webcast
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